Terraformation Announces Formation of New Project Finance Team to Accelerate Global Reforestation Initiatives

KAILUA-KONA, Hawaii (Oct. 17, 2024) –  Today, Terraformation, a native forest restoration company dedicated to addressing climate change, announced the formation of its new Project Finance team. This strategic development aims to support Terraformation's expanding pipeline of reforestation projects that are ready for implementation across Africa, Asia, and Central and South America.

Establishment of a Project Finance team will bring Terraformation’s expertise in finance in line with the company's forestry, development, carbon science, and market expertise. The team will work alongside Terraformation's Climate Impact team, formed in 2023 to advise companies seeking investments in quality assets, carbon purchasers to acquire high-integrity credits and provide market-leading services and support. 

Leading the team is Shane Bush, Head of Project Finance, who brings 15 years experience in renewable energy, decarbonization, natural resource and power finance. He has advised, structured and led project finance transactions, asset sales, acquisitions, and portfolio financings for both small developers and large international institutions.

At major international banks, he formed and led two specialist renewable energy and decarbonization teams to market leadership, structuring several “market first” deals that became global standards. His work has resulted in billions of dollars of transactions across Europe, North America, Africa, Asia, Middle East and Australasia.

‍Andrea Snavely, who brings over ten years of investment banking experience and deep expertise in the forestry and nature investment markets, will join the Project Finance team. She has successfully closed numerous M&A transactions involving financial institutions and is highly skilled in financial analysis, modeling, and market research. A published expert, she has contributed research on forestry backed asset design with Imperial College London. 

‍Daniel Doktor rounds out the team with his expertise in native reforestation and nature based projects. In addition to his role as principal financial analyst and modeler, he also supports the project development and Climate Impact sales teams.

"As our global project pipeline has grown, the launch of Terraformation's Project Finance team is necessary to continue driving our ambitious global forest projects with unparalleled speed and efficiency," said Berry Kennedy, Chief Operating Officer.

"We are laser-focused on mobilizing the critical investments needed to supercharge the fight against climate change and fortify biodiversity."

Currently, $200 billion is allocated to nature-based solutions, with 82% coming from governments. To achieve climate targets, private sector funding must swell to $550 billion by 2030. Terraformation's new Project Finance team, with its strategic expertise, will play a pivotal role in channeling investment into high-quality forest restoration projects that meet investor criteria.

Terraformation's quest to pioneer change through native forest restoration empowers local forestry teams with training, technology, and capital access, creating long-term benefits for communities and ecosystems. The company's goal is to catalyze the sequestration of an additional 1 billion tons of CO2 by forests by 2035, contributing significantly to global climate goals.

For more information about Terraformation and its commitment to addressing climate change through native biodiverse restoration, visit www.terraformation.com.